SBA issued Information Notice 5000-852422 (effective December 26, 2023), Renewals and Updates of SBA Forms 1919, 1971, 2237; Introduction of New SBA Form 3518; and Elimination of SBA Forms 1920 and 2449. The notice announces “the renewals and updates to various forms affecting the 7(a) and 504 Loan Programs”, including:
- Revision and renewal of SBA Form 1919, SBA 7(a) Borrower Information Form
- Revision and renewal of SBA Form 2237, 7(a) Post-Approval Action Checklist [note: SBA has indicated that use of the form is not mandatory since all information is now included in E-Tran servicing]
- Renewal of SBA Form 1971, Religious Eligibility Worksheet
- Elimination of SBA Form 1920, Lender’s Application for Loan Guaranty
- Elimination ofSBA Form 2449, Community Advantage Addendum (7(a) Pilot Program), and replacement of that form with new SBA Form 3518, Community Advantage Addendum – 7(a) CA SBLC.
While lenders may begin using the revised forms immediately, SBA is allowing a 30-day grace period before requiring their use.
Please see the notice for a complete summary of the changes to SBA Form 1919 and other relevant information.
